Insider Selling: Travelzoo (NASDAQ:TZOO) CEO Sells $454,914.61 in Stock

Travelzoo (NASDAQ:TZOO) CEO Holger Bartel sold 23,057 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $19.73, for a total value of $454,914.61. Following the completion of the transaction, the chief executive officer now owns 4,000 shares of the company’s stock, valued at $78,920. The trade was a 85.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Travelzoo Stock Down 10.8 %

TZOO opened at $19.72 on Friday. Travelzoo has a 52 week low of $7.12 and a 52 week high of $22.44. The business has a fifty day simple moving average of $18.64 and a 200-day simple moving average of $13.40. The firm has a market cap of $232.77 million, a P/E ratio of 18.43 and a beta of 1.71.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings results on Wednesday, October 23rd. The information services provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.20 by $0.06. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. The business had revenue of $20.10 million during the quarter, compared to analyst estimates of $21.15 million. During the same period last year, the business posted $0.16 earnings per share. Sell-side analysts expect that Travelzoo will post 1.09 earnings per share for the current year.

Travelzoo announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 23rd that authorizes the company to repurchase 1,000,000 outstanding shares. This repurchase authorization authorizes the information services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

TZOO has been the subject of several analyst reports. Ascendiant Capital Markets increased their price objective on Travelzoo from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Litchfield Hills Research initiated coverage on Travelzoo in a research report on Wednesday, September 4th. They issued a “buy” rating and a $35.00 price objective for the company. Barrington Research increased their price objective on Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com lowered Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st.

Institutional Trading of Travelzoo

Several hedge funds have recently modified their holdings of TZOO. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Travelzoo in the third quarter valued at $35,000. American Century Companies Inc. acquired a new stake in shares of Travelzoo in the second quarter valued at $82,000. Ritholtz Wealth Management acquired a new stake in shares of Travelzoo in the second quarter valued at $82,000. Quadrature Capital Ltd acquired a new stake in shares of Travelzoo in the third quarter valued at $134,000. Finally, Barclays PLC acquired a new stake in shares of Travelzoo in the third quarter valued at $138,000. 27.39% of the stock is currently owned by institutional investors and hedge funds.

Travelzoo Company Profile

Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide. It operates in four segments: Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives. The company offers Travelzoo website, Travelzoo Top 20 email newsletters, Standalone email newsletters, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.